So what are Thrift Savings Plans or TSP’s? Thrift Savings Plans are savings plans for both current and retired federal employees that were created in 1986 by the Federal Employees Retirement System. The TSP plan is designed to give federal employees the same benefits...

The 401(k) Plan A 401(k) Plan is a retirement savings plan where you, as an employee, can make contributions from your monthly or yearly paycheck before taxes are taken out. The plan offers several options from which one can pick the plan that best fit their needs....